Which of the Following Describes the Bullwhip Effect

question 31

Multiple Choice

Which of the following describes the bullwhip effect?

• A)The value of a telecommunications network is proportional to the square of the number of connected users of the system.
• B)The performance improvement to be gained from using some faster mode of execution is limited by the fraction of the time the faster mode can be used.
• C)The variability in the size and timing of orders increases at each stage up the supply chain, from customer to supplier.
• D)New classes create new applications resulting in new markets and new industries.

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Definitions:

Post-Fordism

An economic and social system that emerged in the late 20th century, characterized by more flexible production methods, workforce strategies, and a shift from mass production to customized goods.

Diffusion Of Capitalism

Refers to the spread of capitalist structures and market-oriented economic systems across different countries and regions over time.

Proletariat

The class of wage-earners in a capitalist society whose only significant material value is their labour-power.

Communist Manifesto

A political document written by Karl Marx and Friedrich Engels that outlines the principles of communism and calls for the proletariat's uprising.